Svensk & Company Inc.

Svensk & Company Inc. is seeking to employ one nonimmigrant worker (H-1B1 classification) as a Business Development Representative/Underwriting Consultant in the occupational classification of Marketing Research Analysts and Marketing Specialists; SOC code: 13-1161.

The salary for this position is at least $60,000.00 per year. The period of employment shall be for up to three years, beginning as soon as January 19, 2023, and the H-1B1 nonimmigrant worker shall be employed at the following locations: 96 Willow Street, Southport, CT 06890 and 2333 Brickell Ave, PH 209, Miami, Florida 33129.

The labor condition application is available for inspection at Svensk & Company Inc., 96 Willow Street, Southport, CT 06890.

Complaints alleging misrepresentation of material facts in the labor condition application and/or failure to comply with the terms of the labor condition application may be filed with any office of the Wage and Hour Division of the United States Department of Labor.

The hourly rate for this position is $31.61 per hour. The period of employment shall be for approximately two years, beginning as soon as March 8, 2021, and the H-1B1 nonimmigrant worker shall be employed at the following locations: 96 Willow Street, Southport, CT 06890 and 78 SW 7th Street, Miami, FL 33130.

The labor condition application is available for inspection at Svensk & Company Inc., 96 Willow Street, Southport, CT 06890.

Svensk & Company are pleased to announce a new insurance facility led off by S&P A+ Rated Arch Reinsurance Company.

TCU remains in its original form and function as a captive cell in Bermuda, organized under R&Q’s Segregated Account Company, providing credit underwriting services to its Members without the need for each Insured to establish its own cell or captive company. This structure facilitates access to the Bermuda market with less paperwork and less expense for its Members. All underwriting services are provided by the team at Svensk & Company.

We continue to focus on:

We are not interested in the following types of transactions:

Svensk & Company's long standing client is a large European capital goods manufacturer that provides financing for its South American clients from a Uruguayan subsidiary.

Although the client had an excellent track record of collections on A/R’s in these emerging markets, most of its sales are medium-term credits and sometimes smaller limits (e.g. less than $1MM per transaction), the size and scope of which many insurers do not underwrite.

Svensk & Company with assistance from Quest Insurance Managers performed a feasibility study to assess if a captive insurance program was economically viable for the client and that such a program would meet the criteria for approval with the Bermuda Monetary Authority.

Svensk & Company identified a suitable A-rated insurance company to reinsure the Captive and was able to structure the policy in accordance with the client’s existing financing institution (major international bank) as the Loss Payee.

Svensk & Company bound a $30MM framework policy for the client with $1MM paid in M&D premium. Under the Treaty with the Reinsurer, LAM was able to write transactions up to a $4MM Discretionary Limit on behalf of the client with larger limits approved by the reinsurer on a case-by-case basis.

During the 2017 policy year, Svensk & Company underwrote 127 separate transactions, binding $17MM in liability utilizing 75% of the premium. This policy was successfully renewed in 2018 with a premium carry forward from the previous year.

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